OIL-DRI CORP OF AMERICA (ODC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ODC - US6778641000 - Common Stock
We assign a technical rating of 4 out of 10 to ODC. Although ODC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, ODC does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 53.58, a Stop Loss order could be placed below this zone.
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50.35
2 important support areas can be observed.
- A support zone ranging from 53.54 to 53.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 53.86 to 55.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 57.10 to 57.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ODC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ODC is down. |
| ChartMill Relative Strength | 85.33 | POSITIVE | ODC has a high relative strength, it outperformed 85.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ODC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ODC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of ODC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.77 | NEUTRAL | The RSI value for ODC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests ODC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.65 | NEUTRAL | The Stochastics value for ODC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for ODC suggests some volalility. |
| Average Directional Index/ADX (14) | 14.92 | NEGATIVE | The low ADX value for ODC suggests a weak or negative trend. |
53.59
-0.82 (-1.51%)
OIL-DRI CORP OF AMERICA / ODC FAQ
What is the technical rating for ODC stock?
ChartMill assigns a technical rating of 4 / 10 to ODC.
Can you provide the trend direction for OIL-DRI CORP OF AMERICA?
The current trend direction for OIL-DRI CORP OF AMERICA (ODC) is Bearish.
What is the RSI signal for OIL-DRI CORP OF AMERICA (ODC) stock?
OIL-DRI CORP OF AMERICA (ODC) has an RSI value of 40.7715. This indicates that the stock is currently neutral.
What is the buy/sell signal for ODC stock?
The buy/sell signal for OIL-DRI CORP OF AMERICA (ODC) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for OIL-DRI CORP OF AMERICA?
OIL-DRI CORP OF AMERICA (ODC) has a support level at 53.58 and a resistance level at 53.86. Check the full technical report for our detailed analysis of ODC support and resistance levels.